KATZ: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
KATZ
Largest movements
- Cash -€144,347
down €144,347 (-58.7%), from €245,818 to €101,471
mainly Other debts (-€195,242) and Investment in fixed assets (net) (-€47,610)
- Receivables within one year +€18,477
up €18,477, from €0 to €18,477
of which Trade receivables: +€18,446
- Tangible fixed assets -€10,593
down €10,593 (-2.0%), from €540,314 to €529,721
of which Land and buildings: -€57,846
- Other debts -€195,242
down €195,242 (-89.1%), from €219,060 to €23,818
- Reserves +€96,088
up €96,088 (+39.5%), from €243,106 to €339,193
of which Distributable reserves: +€96,088
- Tax, wage and social debts -€28,139
down €28,139 (-74.5%), from €37,747 to €9,609
of which Taxes: -€28,278
- Trade debts -€9,170
down €9,170 (-52.4%), from €17,487 to €8,317
- Gross operating margin -€91,158
down €91,158 (-26.5%), from €343,564 to €252,405
- Taxes -€18,198
down €18,198 (-26.7%), from €68,168 to €49,970
- Depreciation +€6,699
up €6,699 (+13.0%), from €51,505 to €58,204
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €787,692 | €651,229 | -€136,463 | -17.3% |
| Fixed assets | 21/28 | €541,874 | €531,281 | -€10,593 | -2.0% |
| Tangible fixed assets | 22/27 | €540,314 | €529,721 | -€10,593 | -2.0% |
| Land and buildings | 22 | €520,782 | €462,936 | -€57,846 | -11.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €19,532 | €66,785 | +€47,253 | +241.9% |
| Financial fixed assets | 28 | €1,560 | €1,560 | = | 0.0% |
| Current assets | 29/58 | €245,818 | €119,948 | -€125,870 | -51.2% |
| Amounts receivable within one year | 40/41 | €0 | €18,477 | +€18,477 | |
| Trade receivables | 40 | €0 | €18,446 | +€18,446 | |
| Other amounts receivable | 41 | €0 | €30 | +€30 | |
| Cash at bank and in hand | 54/58 | €245,818 | €101,471 | -€144,347 | -58.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €787,692 | €651,229 | -€136,463 | -17.3% |
| Equity | 10/15 | €305,106 | €401,193 | +€96,088 | +31.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €243,106 | €339,193 | +€96,088 | +39.5% |
| Non-distributable reserves | 130/1 | €22,760 | €22,760 | = | 0.0% |
| Legal reserve | 130 | €22,760 | €22,760 | = | 0.0% |
| Distributable reserves | 133 | €220,346 | €316,433 | +€96,088 | +43.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €208,292 | €208,292 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €208,292 | €208,292 | = | 0.0% |
| Pensions and similar obligations | 160 | €208,292 | €208,292 | = | 0.0% |
| Amounts payable | 17/49 | €274,295 | €41,744 | -€232,551 | -84.8% |
| Amounts payable within one year | 42/48 | €274,295 | €41,744 | -€232,551 | -84.8% |
| Trade debts | 44 | €17,487 | €8,317 | -€9,170 | -52.4% |
| Suppliers | 440/4 | €17,487 | €8,317 | -€9,170 | -52.4% |
| Taxes, remuneration and social security | 45 | €37,747 | €9,609 | -€28,139 | -74.5% |
| Taxes | 450/3 | €33,679 | €5,401 | -€28,278 | -84.0% |
| Remuneration and social security | 454/9 | €4,068 | €4,207 | +€139 | +3.4% |
| Other amounts payable | 47/48 | €219,060 | €23,818 | -€195,242 | -89.1% |
| Non-recurring operating income | 76A | - | €11,000 | +€11,000 | |
| Remuneration, social security and pensions | 62 | €43,055 | €43,771 | +€716 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,505 | €58,204 | +€6,699 | +13.0% |
| Other operating charges | 640/8 | €3,897 | €4,057 | +€160 | +4.1% |
| Non-recurring operating charges | 66A | €39,691 | €0 | -€39,691 | -100.0% |
| Gross operating margin | 9900 | €343,564 | €252,405 | -€91,158 | -26.5% |
| Operating profit (loss) | 9901 | €205,416 | €146,373 | -€59,043 | -28.7% |
| Financial income | 75/76B | €104 | €5 | -€99 | -95.2% |
| Recurring financial income | 75 | €104 | €5 | -€99 | -95.2% |
| Financial charges | 65/66B | €626 | €321 | -€305 | -48.7% |
| Recurring financial charges | 65 | €626 | €321 | -€305 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | €204,895 | €146,057 | -€58,837 | -28.7% |
| Income taxes | 67/77 | €68,168 | €49,970 | -€18,198 | -26.7% |
| Profit (loss) for the period | 9904 | €136,727 | €96,088 | -€40,639 | -29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €136,727 | €96,088 | -€40,639 | -29.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.